$XTZ - Last time we had 4 months of green, we dropped by 60%
Exploring a bearish possibility because the entire move is confined within the blue channel and considering an ABC, here A:C = 1:1
We also had 4 green candles on the monthly, the last time this happened, price dropped 60%. In our case here, a 60% drop will take to channel bottom
Play safe
We also had 4 green candles on the monthly, the last time this happened, price dropped 60%. In our case here, a 60% drop will take to channel bottom
Play safe
Comment:
We got the 60% drop, looks like it will continue down
Trade closed: target reached:
Price hit bottom of channel and bounced
